Income Tax Rate Indonesia

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However, there are several exemptions: The corporate tax rate is 25%.


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For fiscal year 2020/2021, the cit rate is 22%, and for the year 2022 onwards, the cit rate will be 20%.

Income tax rate indonesia. Taxable income for the companies shall be assessable income less tax deductible expenses. In general, a corporate income tax rate of 25 percent applies in indonesia. Companies listed on the indonesia stock exchange (idx) that offer at least 40 percent of their total share capital to the public obtain a 5 percent tax cut (hence a tax rate of 20 percent applies for these public companies).

This regulation also applies to expatriates. The rates applied to taxable income are shown below: Listed companies that meet certain conditions are eligible for a 5% reduction in the corporate tax rate.

If the total amount of tax paid in advance through the year (articles 22, 23, and 25 income taxes) and the tax paid abroad (article 24 income tax) is less than the total cit due, the taxpayer has to. Taxable income (in indonesian rp) tax rate (%) on the first 50 million. It is important to note that the tax payment paid to other countries is granted tax deduction in indonesia.

The personal income tax rate in indonesia stands at 30 percent. The indonesian tax office (direktorat jenderal pajak) requires all resident individuals in indonesia to have their own personal tax numbers, nomor pendaftaran wajib pajak or npwp. Corporate income tax rate of indonesian companies the corporate income tax (cit) rate in indonesia is 25%.

Consolidation of law of the republic of indonesia number 7 of 1983 concerning income tax as lastly amended by law number 36 of 2008 chapter i general provision article 1 income tax shall be imposed on any taxable person in respect of income during a taxable year. Net taxable income for residents is taxed at graduated rates. Concessions are, however, available where a dta is in force.

Other types of investment income are assessable at standard income tax rates. Chapter ii taxable person article 2 (1) tax subject consist of: 6 indonesian pocket tax book 2021 pwc indonesia corporate income tax tangible assets categories useful life depreciation rate straight line method declining balance method category 3 16 years 6.25% 12.5% category 4 20 years 5% 10% ii.

Resident tax payers are subject to progressive tax rates ranging from 5 percent to 30 percent. The corporate tax rate in indonesia stands at 22 percent. Level of income tax rate rp.

Here we explain the main taxes: Indonesia is no exception, as it imposes both corporate taxes on companies doing business in indonesia as well as personal income tax for the employees. Up to this amount, your taxable income is not subject to tax.

Generally, a flat rate of 22% applies (becoming 20% in 2022). If your taxable income is higher than the basic tax allowance, you will have to pay for your income tax. In indonesia, everyone’s income is subject to a basic tax allowance.

Portion of income over rp 500 million: • indonesia imposes a range of taxes on individuals and corporate taxpayers. The rates applied to taxable income are shown below.

Over 250 million but not exceeding 500 million. Companies are taxed only on income derived in indonesia. A company with gross turnover of less than idr 50 billion (approximately usd 5.5 million) is eligible for a 50% reduction in the corporate tax rate on the proportion of taxable income which results when idr 4.8

Personal income tax rate in indonesia averaged 31.56 percent from 2004 until 2019, reaching an all time high of 35 percent in 2005 and a record low of 30 percent in 2009. Sourced is taxed at standard income tax rates. Interest on indonesian bonds is subject to final tax at 15%, whilst a final withholding tax of 10% is imposed on dividends received from an indonesian company.

The current rates range from 5 percent up to a maximum of 30 percent for income earned over 500 million indonesian rupiah (idr). Corporate tax rates in indonesia are levied as follows: Corporate tax rate in indonesia averaged 27.76 percent from 1997 until 2021, reaching an all time high of 39 percent in 2002 and a record low of 22 percent in 2021.

Over 50 million but not exceeding 250 million.


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